Equitas Small Finance Bank Limited announced the outcome of its Board meeting held on October 29, 2026. The board approved the unaudited financial results for the quarter and half year ended September 30, 2026. Additionally, the bank disclosed information on related party transactions, utilization of issue proceeds from Non-Convertible Debentures, and the re-appointment of its Part-Time Chairman, Mr. Anil Kumar Sharma.
Equitas Small Finance Bank Board Meeting Highlights
Equitas Small Finance Bank Limited convened its Board meeting on October 29, 2026, to review and approve key financial and corporate matters. The board gave its nod to the unaudited financial results for the second quarter and the first half of the financial year, ending on September 30, 2026. These results were previously reviewed by the Audit Committee.
Financial Disclosures
The submitted financial results include:
- Unaudited financial results for the quarter and half year ended September 30, 2026.
- A Limited Review Report from the Joint Statutory Auditors.
Regulatory Compliance and Other Matters
In line with regulatory requirements, the bank also made the following disclosures:
- Related Party Transactions: Disclosure under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half-year ended September 30, 2026.
- Utilization of Issue Proceeds: Confirmation under Regulation 52(7) and 52(7A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the utilization of proceeds from Non-Convertible Debentures (NCDs). The bank confirmed that the issue proceeds of Rs.500 crores from NCDs, raised on multiple dates up to September 25, 2026, have been fully utilized as per the intended purpose without material deviation.
- Security Cover: Disclosure under Regulations 54(2) & 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning security cover for Non-Convertible Securities. It was noted that the securities issued by the bank are unsecured, rendering these regulations inapplicable.
Key Personnel and Office Relocation
The Board of Directors approved the re-appointment of Mr. Anil Kumar Sharma as Part-Time Chairman for a further period of three years, commencing from April 25, 2027, subject to necessary regulatory approvals. Additionally, the bank’s registered office will be shifted from Spencer Plaza to Equitas Towers, Chennai, effective October 30, 2026.
The meeting commenced at 11:00 hours and concluded at 14:30 hours.
Source: BSE
